How inflation is impacting restaurants across the U.S.
Summary
Inflation has made food more expensive for both shoppers and restaurants in the U.S. Restaurant owners from different regions shared that they are struggling to cover costs even as they raise menu prices. Despite these increases, some owners find that their take-home pay is lower due to rising expenses.Key Facts
- Inflation has raised food prices in grocery stores and restaurants.
- Leonard Botello from Truth BBQ in Houston sells brisket at over $36 per pound now, compared to $17 a decade ago.
- Botello's profit margins are very slim, leading to lower income despite higher prices.
- Jimmy Stathakis in New York City sells bagels that have increased from about $5.25 to $9.25 due to rising costs.
- Stathakis notes that his store's profit margins have decreased significantly from 20% to about 12%.
- In San Diego, John Rudolph reports that his California burrito now costs nearly $15, up from under $11 before the pandemic.
- Rising costs for labor and supplies make it harder for restaurant owners to keep up with expenses.
- The overall challenges of inflation impact both restaurant owners and their customers.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.